San Diego, CA -- (SBWIRE) -- 10/04/2016 -- An investigation on behalf of investors, who purchased shares of GoPro Inc (NASDAQ:GPRO) in the initial public offering via the Loyal3 program, was announced over potential securities laws violations.

GoPro went public in June 2014. Shares of GoPro Inc (NASDAQ:GPRO) declined from as high as $86.97 per share in October 2014 to as low as $8.62 per share in May 2016.

Investors who purchased shares of GoPro Inc (NASDAQ:GPRO) in the IPO via the Loyal3 program shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain statements made in connection with the IPO of GoPro Inc (NASDAQ:GPRO) potential violated securities laws.

In January 2016 a lawsuit was filed for investors, who purchased shares of GoPro Inc (NASDAQ:GPRO) in the open market between July 21, 2015 and January 13, 2016. That lawsuit alleges that between July 21, 2015 and January 13, 2016 GoPro Inc failed to disclose that GoPro Inc was experiencing weak sales of its HERO line of cameras between July 21, 2015 and January 13, 2016, that GoPro Inc was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced, that GoPro Inc's third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a significant additional amount of HERO4 Session cameras, that GoPro Inc's third and fourth quarter 2015 guidance was inflated and unrealistic, and that, as a result of the foregoing, Defendants' statements about GoPro's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Those who purchased shares of GoPro Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com